Patterson Companies, Inc. (NASDAQ:PDCO) Receives $26.57 Average Price Target from Analysts

Patterson Companies, Inc. (NASDAQ:PDCO) has been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $26.57.

Separately, StockNews.com initiated coverage on Patterson Companies in a research note on Monday, April 28th. They issued a “hold” rating on the stock.

Patterson Companies Price Performance

Patterson Companies stock opened at $31.33 on Friday. Patterson Companies has a twelve month low of $19.45 and a twelve month high of $31.79. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $31.20 and a 200-day moving average of $28.36. The stock has a market capitalization of $2.77 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73.

Hedge Funds Weigh In On Patterson Companies

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Patterson Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 9,409,915 shares of the company’s stock worth $290,390,000 after purchasing an additional 47,897 shares during the last quarter. American Century Companies Inc. increased its position in Patterson Companies by 24.1% during the fourth quarter. American Century Companies Inc. now owns 2,711,030 shares of the company’s stock worth $83,662,000 after buying an additional 527,054 shares during the last quarter. Equity Investment Corp raised its stake in Patterson Companies by 16.6% in the fourth quarter. Equity Investment Corp now owns 2,028,964 shares of the company’s stock valued at $62,614,000 after buying an additional 289,295 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Patterson Companies by 15.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock valued at $55,546,000 after buying an additional 245,376 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Patterson Companies by 18.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,455,729 shares of the company’s stock worth $44,924,000 after acquiring an additional 222,005 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Patterson Companies Company Profile

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.